Business & Finance

China to auction 40bn yuan of 9-month finmin deposits on May 29

Published May 26, 2014 Updated May 26, 2014 05:01am

1 min

By Shoaib Ur Rehman

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SHANGHAI: China will auction 40 billion yuan ($6.4 billion) of nine-month finance ministry deposits on May 29, the ministry said in a statement on Monday.

The auction, jointly conducted by the Ministry of Finance and the People's Bank of China, is part of China's management of its treasury cash.

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